Gold prices steady ahead of Fed decision; weekly weakness noted
Hyperion DeFi Inc. (HYPD) purchased an additional 108,594 HYPE tokens, bringing its total holdings to 1,535,772 HYPE tokens at an average price of $36.14 per token, according to a company statement.
The company plans to deploy the HYPE tokens into Kinetiq’s iHYPE pool, a smart contract environment that provides access to institutional liquid staking tokens. The iHYPE service is available only to institutional participants that complete compliance verification and onboarding procedures.
"As the first public company to utilize Kinetiq’s institutional-grade liquid staking solution, we are taking key steps to provide shareholders with access to the unique opportunities only available on Hyperliquid," said Hyunsu Jung, Chief Investment Officer of Hyperion DeFi.
Hyperion DeFi expects to earn staking yields while using iHYPE as collateral on the HyperEVM platform or with execution partners. The company will also participate in Kinetiq’s kPoints incentive program.
Justin Greenberg, Co-Founder and Chief Technology Officer of Kinetiq, stated that the collaboration with Hyperion is "setting the standard for institutional engagement with Hyperliquid."
Hyperion DeFi will host an investor webinar on July 29 at 2:00 p.m. ET to discuss the company’s transformation from a digital ophthalmic technology company to a firm focused on building a strategic treasury around HYPE, the native token of the Hyperliquid blockchain.
HYPE is the native token of Hyperliquid, a layer one blockchain designed for high-frequency trading. As of June 2025, more than 25 million HYPE tokens have been sequestered by the blockchain’s autonomous purchase mechanism, and the token has become the 12th-largest cryptocurrency by market capitalization.